Statement a is true. The intersection of SMC and MR is always best, unless it results in a loss that exceeds the firm's total fixed costs, in which case it is better to shut down and produce nothing. To find the price a price-setter must set, we always look at the point on its demand curve at the output it wishes to sell.
What is “S-400”, sometimes seen in the news?
Which of the following is NOT an example of Unicellular organism?
The Union Cabinet approved ______ worth of investments in three semiconductor plants, including a Tata group proposal to build the country’s first maj...
Which age group does NEP 2020 target for quality early childhood care and education?
Which Indian-American has been appointed as the head of the FBI's field office in Salt Lake City?
Which country recently launched an earth observation satellite named Advanced Land Observation Satellite-4 “DAICHI-4” (ALOS-4)?
Which of the following is not an indicator of “Performance Grading Index 2.0”?
Which bank has executed its first non-deliverable forex derivative transaction with Reliance Industries, after the Reserve Bank of India allowed such tr...
In which state is the Buddhist site 'Tabo Math' located?
This year’s Nobel Prize in Physics has been awarded to three physicists for their research into?